Infinity Pharmaceuticals Inc (INFIQ)

[THREE-DAY-TRADER]

Bounced well off of the 1.24+ support area early this morning, but it is barely clinging on to that support area, treading a thin line just slightly above that 1.24+ (as of 6/22/16).
Ever since last week's horrendous drop on June 14, I've been watching INFI & waiting to see if that 1.24+ holds and not yet assuming a bottom has finally formed yet.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123343282

It is at a critical stage here yet, and in my view odds are high that it breaks thru 1.24 to another new low soon in my opinion.
So we shall see what happens yet. ('Nothing yet conclusively set in stone')